Wheaton Precious Metals Corp. (NYSE:WPM) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. trimmed its position in Wheaton Precious Metals Corp. (NYSE:WPM) by 0.4% in the third quarter, HoldingsChannel.com reports. The firm owned 46,992 shares of the company’s stock after selling 195 shares during the quarter. Moors & Cabot Inc.’s holdings in Wheaton Precious Metals were worth $2,870,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of Wheaton Precious Metals by 1.0% in the second quarter. Van ECK Associates Corp now owns 19,984,984 shares of the company’s stock valued at $1,047,621,000 after buying an additional 197,426 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Wheaton Precious Metals by 1.7% in the first quarter. Vanguard Group Inc. now owns 16,770,475 shares of the company’s stock valued at $790,392,000 after buying an additional 272,918 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Wheaton Precious Metals by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,309,175 shares of the company’s stock valued at $344,483,000 after buying an additional 1,010,307 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Wheaton Precious Metals by 22.5% in the second quarter. TD Asset Management Inc now owns 5,950,317 shares of the company’s stock valued at $311,920,000 after buying an additional 1,092,480 shares in the last quarter. Finally, Cibc World Market Inc. increased its holdings in shares of Wheaton Precious Metals by 3.1% in the second quarter. Cibc World Market Inc. now owns 3,574,648 shares of the company’s stock valued at $187,490,000 after buying an additional 108,976 shares in the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WPM has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on shares of Wheaton Precious Metals from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, October 4th. UBS Group started coverage on shares of Wheaton Precious Metals in a research report on Monday. They set a “buy” rating and a $78.00 target price on the stock. Scotiabank increased their target price on shares of Wheaton Precious Metals from $66.50 to $72.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Stifel Canada downgraded Wheaton Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, TD Securities lifted their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.67.

Wheaton Precious Metals Price Performance

Shares of NYSE:WPM opened at $62.97 on Thursday. The company has a market cap of $28.56 billion, a price-to-earnings ratio of 46.99, a PEG ratio of 2.28 and a beta of 0.77. The firm has a 50 day simple moving average of $62.95 and a 200 day simple moving average of $59.03. Wheaton Precious Metals Corp. has a one year low of $38.57 and a one year high of $68.64.

Wheaton Precious Metals (NYSE:WPM) last released its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $308.25 million during the quarter, compared to the consensus estimate of $324.57 million. Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, analysts expect that Wheaton Precious Metals Corp. will post 1.44 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, November 21st. Wheaton Precious Metals’s payout ratio is 46.27%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.